Student Guided Essay

for use with Fundamental Accounting Principles, 20e
John J. Wild University of Wisconsin at Madison Ken W. Shaw University of Missouri at Columbia Barbara Chiappetta Nassau Community College Prepared by

Carol Yacht, M.A.

About the Author: Carol Yacht is a textbook author and accounting educator. She is the author of Peachtree, QuickBooks, Microsoft Dynamics-GP, and Excel textbooks, and the accounting textbook supplement, Carol Yacht’s General Ledger and Peachtree DVDs (www.mhhe.com/yacht). Carol taught on the faculties of California State University-Los Angeles, West Los Angeles College, Yavapai College, and Beverly Hills High School. To help students master accounting principles, procedures, and business processes, Carol includes accounting software in her classes. Carol contributes regularly to professional journals and is the Accounting Section Editor for Business Education Forum, a publication of the National Business Education Association. She is also the Editor of the American Accounting Association's Teaching, Learning, and Curriculum section's The Accounting Educator. Carol Yacht was an officer of AAA’s Two-Year College section and recipient of its Lifetime Achievement Award. She is a member of the Microsoft Dynamics Academic Alliance Advisory Council, worked for IBM Corporation as an education instruction specialist, served on the AAA Commons Editorial Board, and NBEA’s Computer Education Task Force. She is a frequent speaker at state, regional, and national conventions. Carol earned her MA degree from California State University-Los Angeles, BS degree from the University of New Mexico, and AS degree from Temple University.

...meets the needs of the organization are often left with frustrated end users, costly support, and information that is not current or correct. Worse yet, these organizations build the system 3 times instead of once.
1. Define "accounting information systems." An accounting information system (AIS) is a collection of interrelated parts, some of which may incorporate information technology. Its purpose is to collect data, process it into information, and report the information so it can be used by internal and external decision makers.
2. 2- Discuss why AIS is an important area of study for future accountants. AIS is important because it cuts across traditional functional lines in accounting. It provides the "big picture" and allows students to develop their critical-thinking and problem-solving skills.
3. 3- Compare and contrast AIS with other areas of study in accounting. AIS is like other areas of accounting in that it includes consideration of financial statements and internal reports. It is different, though, from other parts of accounting. AIS typically includes more open-ended problems that do not have deterministic responses. It also cuts across traditional accounting subdivisions (financial, managerial, and the like) and incorporates material from disciplines outside accounting (such as management and information systems).
4. 4- Explain the structure of most accounting information systems. Most AIS incorporate five main parts. Inputs...

...conclude that the market is still quite competitive. Or, you might investigate a monopolistically competitive market. These types of markets can be ‘very competitive’ (and thus very efficient) or only ‘slightly competitive’. You should consider the degree of product differentiation when considering how competitive the firms are.
The Process of Inquiry
* Ask questions, build on your prior knowledge and make your own discoveries.
* Finding out information from primary sources to answer generative questions and develop deep conceptual understandings.
* Making connections between ideas, learning domains and experiences’.
(VCAA 2009 ‘Inquiry Learning’)
Assessment Rubric
The group report is worth 25 marks and the individual student reflection is worth 5 marks. The total mark for the task is 30 (see Rubrics) and this is then divided by 2 to determine the score out of 15 for the unit.
A brief description of the levels of performance is listed below:
Criteria/Descriptors | Level of Performance (Marks) |
Explanation and analysis related to the market structure, the importance of competition and the degree of market power and how this likely affects the efficiency of resource allocation. | Very Low Level: 1-2Low Level: 3-4Medium Level: 5-6High Level: 7-8Very High Level: 9-10 |
Synthesis demonstrating economic reasoning and interpretation. | Very Low Level: 1-2Low Level: 3-4Medium Level: 5-6High Level: 7-8Very High Level: 9-10 |
Inquiry...

...Chapter 8
Page 320
8.1
The short-term effect on the financial statements for improperly capitalizing expenditures is to increase net income since expensed items are included just like assets while the long-term effect is pretty much similar to short-term effect because the assets are charged to expense as depreciation.
Page 324
8.3
A purchasing manager can direct purchases toward vendors who provide the manager kick-backs. This can be prevented by notifying suppliers that the company will not permit payment of kick-backs to its employees. The company can also rotate purchasing managers to different vendors. Significant purchases should be reviewed and approved by a higher level manager.
8.5
An auditor can find evidence about losses on purchase commitments in the open purchase order file. Evidence about unrecorded liabilities to vendors is found in the unmatched invoice file and unmatched receiving report file.
Page 328
8.7
The following are functions that should be separated to maintain internal control in a purchasing system: custody of goods, authority to initiate a transaction, bookkeeping, and periodic physical counts of inventory and fixed assets.
8.9
Substantive procedures of a low risk of material misstatement would normally result in strategy where the auditor relies on controls and reduces substantive test. The auditor would confirm the low control risk evaluation by testing controls for effectiveness. High risk material misstatement would result...

...The protagonist is a kleptomania thief who seems to hate life and has been let down by society in some way. He/she also seems to steal things without regard for need or profit but simply to entertain herself/himself. In this poem Duffy gives a voice to someone in real life might not have the power to articulate their feeling. While in the poem “Havisham” is also based on something as well as Miss Havisham is a character from the novel “Great Expectations” by Charles Dickens. The protagonist is seen as a mad, insane and a psychopath who spends her time trying to take her revenge on all men. This makes the reader feel sympathy for Miss Havisham in many ways such as feeling sorry for her. It is also about obsessive love gone wrong. In this essay I will be revealing how Duffy attempts to make the reader feel sympathy for the protagonist.
In the poem “Stealing” Duffy writes “He weighed a ton; his torso, frozen stiff, hugged to my chest, a fierce chill piercing my gut.” This makes the reader feel sympathy towards the protagonist because Duffy reveals that the protagonist hasn’t hugged someone for so long and so close to someone as he uses a snowman to make him less lonely. The protagonist is a lonely person who hates the society since no one in the society understands him and so therefore, he steals a snowman, arguably absurd crime but seemingly his only strategy to obtain a friend. Duffy uses metaphor to create a visual imagery so the reader can feel more...

...
Page FS Note
1 For 2007 was there a foreign Currency translation adjustment? (circle one) Yes No 46 S of SE
2 Did the adjustment cause a Decrease or Increase in S/E for 2007? (circle one) Increase Decrease
3 For 2007, and in association with the 2004-2007 Restructuring Program, (Note 17)
of the 662 m charged to continuing operations, how much was recorded in CGS? _____________
4 In 2007, were any new common shares issued? (circle One) Yes No
5 In 2006, what was amount of cash paid in dividends to CS holders? (in millions) _____________
6 For 2007, 06 or 05, what was the lowest Operating Expense common size per cent? _____________ (xx.x %)
7 For the calculation of Basic EPS in 2005 what number of shares was used? (million)_____________
8 What were the Cash Dividends declared per Share in 2006? _____________
9 In 2007 for the Film Products Group, what was its operating profit per cent? _____________(xx.x %)
10 What are Gross Trade Receivables at the end of 2007? (in millions) _____________
[For 10 & 11 assume all allowances apply to trade receivables]
11 What per cent of Gross Trade Accounts Receivable is uncollectable at end of 2007? _____________( x.xx%)
12 What was the average price paid for EK’s issued common stock as of Dec...

...essays suck. I hate thembdshhbfvdi hvihndinhviudfhuvnhgudfhg
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hhhhing a match with William Regal, Truth was attacked by Carlito and Primo, who were paid off by DiBiase after the assault. Truth went on to wrestle and defeat DiBiase at the first-ever Over the Limit pay-per-view on May 23.[22] The next night on Raw, Truth defeated The Miz to win the vacant United States Championship, earning himself his first major singles championship since returning to WWE.[23] On the June 14 episode of Raw, Truth lost the United States Championship to The Miz in a fatal four way match also featuring John Morrison and Zack Ryder.[24] He invoked his rematch clause for Fatal 4-Way, but was unsuccessful at the event.[25]
Truth was announced to compete in the Money in the Bank pay-per-view, but was injured by The Miz before a scheduled bout on the July 5 episode of Raw and was announced to be unable to compete at the event. As revenge for assaulting him, Truth saved Sheamus after Miz had cashed in his Money in the Bank briefcase, which he had won at the Money in the Bank event, on the July 19 episode of Raw. At Summerslam, R-Truth teamed with John Cena to defeat The Nexus.[26] On the October 11 episode of Raw, he defeated Ted DiBiase to qualify for Team Raw at Bragging Rights to face Team SmackDown.[27] Team Raw lost the match for the second consecutive...

...
Bankers Adda
How to write Essay in SBI PO Exam?
Dear readers, as you know that SBI PO 2014 Paper will also contain a Descriptive Test of 50 marks (1 hour duration), which will consist of English Language Comprehension, Short Précis, Letter Writing & Essay).
So, here we are presenting you "How to write Essay?" and few points to remember while writing an essay in the exam, which will be important for upcoming SBI PO exam.
How to write an essay?
1. Analyze the prompt.
Note exactly what is asked in the question.
Write down the prompt on the rough page.
Underline the key words in the prompt. Look for words like "explain," "identify," "analyze" or "define."
Break down the prompt into components. If you are to "identify" something and then "analyze" it, then write 1 paragraph identifying what's requested and a second paragraph analyzing what you identified.
2. List all of your ideas.
Write short sentence fragments or keywords of all of the facts that you can remember. These should be facts that will support the arguments or statements that you will make in your essay.
3. Write a thesis statement for the entire essay.
This statement should identify the point that you will make in your essay.
Avoid writing statements about yourself. For instance, don't write "I think" or "The point I will make today is..."
Make the thesis statement...